It’s a new year, and the pandemic looks to have invigorated many people to be more entrepreneurial and to think earnestly about starting up a business; whether as a result of having lost their previous job or just deciding that now is the right time to follow a new path.
Whether a full-time business, or a part-time endeavour to suit your circumstances, the possibilities are endless.
As accountants and business advisers, entrepreneurial spirit excites us, and we love to see people making a successful living from their hobbies, passions, innovations and lightbulb moments.
We have supported hundreds of start-ups over the years, from inception through to fully fledged business, and are here for those of you thinking about starting a business in 2022 and beyond.
The types of start-up businesses we have worked with, and continue to work with, include (but are by no means limited to):
- Consultancy-based businesses
- Online sellers – i.e., Etsy sellers, clothing retailers
- Tech and I.T. specialists
- Tradespeople – i.e., painters and decorators, plumbers, electricians, landscapers, builders
- Pet services – i.e., pet sitting, kennels, dog walking, pet groomers
- Artists and gallery owners
- Photographers
- Beauty, health and wellbeing services
- Marketers
- Personal trainers
Pursuing your start-up business idea
Once you have your idea, there are a few hoops you will need to jump through in order to get your business set up correctly – but do not panic, this is a process that we can support you with.
To get your idea off the ground, you will need to:
- Consider and determine what legal structure is right for you – i.e., sole trader, limited company, or partnership.
- Complete the necessary paperwork and registrations with HMRC and Companies House, where appropriate.
- Understand your financing requirements, consider drawing up a business plan to ensure you have clear direction from the outset, and consider what support and advice you might need from other professionals, long-term.
How can George Hay help?
Our team of chartered accountants and start up business advisers, operating from offices in Cambridgeshire, Bedfordshire and Hertfordshire, have the knowledge and experience to help you operate effectively and make sound, informed decisions for the good of your enterprise and earnings potential.
We can relieve you of the administrative burden you may be fearing, allay any concerns you have about becoming self-employed, or a company director, and bring your ambitions within reach.
Call us on 01480 426500 or fill in our online enquiry form, to tell us about your requirements, and one of the team will be in touch.
